Perion Network: Jumps after lifting H2 forecast

Perion Network

07/10/2020 12:01

** U.S.-listed shares of Israel-based technology firm
 PERI.O  up 13.1% at $7.7 premarket 
    ** PERI raises H2 2020 revenue outlook to $164-$174 mln,
from $150-$160 mln, citing signs of recovery in its advertising
business  urn:newsml:reuters.com:*:nBw4kfqk3a    
    ** “We experienced encouraging trends within our advertising
segment during the third quarter which has enhanced our
visibility and bolstered our 2020 outlook.”- Perion CEO 
    ** Up to Tuesday's close, stock up ~9% this year


 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))